Xiaomi, known in Germany primarily for affordable smartphones, wants to compete with the established market leaders BYD and Tesla. picture alliance / Sipa USA | ChinaImages
Xiaomi is launching its first electric car, the SU7 model, on the Chinese market.
The price is between 27,700 and 39,000 euros, depending on the model, and the company wants to compete with BYD and Tesla.
The fastest version of the SU7 should accelerate from zero to one hundred kilometers per hour in 2.78 seconds and can travel around 800 kilometers on a single battery charge.
Chinese cell phone manufacturer Xiaomi has launched its first electric car, the SU7 model, entering the highly competitive electric car market in China. At the launch, Xiaomi boss Lei Jun described the electric car as the most beautiful, best to drive and most intelligent car. The price for the car in China is between the equivalent of 27,700 and 39,000 euros, depending on the model. Xiaomi, known in Germany primarily for affordable smartphones, wants to compete with the established market leaders BYD and Tesla. Plans for the German market were initially not known.
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The SU7 is said to accelerate from zero to one hundred kilometers per hour in 2.78 seconds
Xiaomi exhibits its new SU7 electric car, drawing crowds in Shanghai, March 25, 2024. picture alliance / Sipa USA | ChinaImages
Xiaomi’s goal is to build the fastest car at this price, Lei said. In the fastest version, the SU7 should accelerate from zero to one hundred kilometers per hour in 2.78 seconds. For comparison: According to the manufacturer, the fastest Model S from Tesla manages the sprint in 2.1 seconds. With one battery charge, the SU7 should travel around 800 kilometers with the largest battery.
Companies from outside the industry are also pushing into the electric car market in China. Telecommunications giant Huawei and Baidu, the Chinese equivalent of Google, are also involved in electric cars. The market is characterized by intense price competition. German manufacturers such as VW and BMW are lagging behind the Chinese competition when it comes to electric cars and are trying to catch up. VW, for example, relies on Chinese suppliers to meet customer needs in the world‘s most important car market.
AA/dpa